Communism is redistribution of wealth promised to the citizens but rendered to the government overlords. The most important fact to understand about the economics of communism is that communist revolutions only triumphed in heavily agricultural societies. It is all by the design of greed through force of blackmail, sedition of laws, murder, attrition, buy-offs,…
Rick Foster is the Chief Actuary of Medicare, and his office has just released a devastating critique of the Administration’s health reform law. Before getting to details, let me say there is nothing in the report that is surprising to independent health economists. The conclusions are consistent with everything The Lewin Group and other private…
* President Vaclav Klaus Of Czechoslovakia opposes calls for increased UN role in economics * Says more regulation is wrong way out of crisis
We are all suffering? Who are we kidding? Lots of us love the financial crisis. Here’s a roundup: OBAMA: “We are out of money now.” March 23, 2009 The left loves the financial crisis because it supports their view that the free market doesn’t work and justifies their anger at capitalism. Here’s the clincher ~…
